Interestingly enough, Trump does not have to actually abolish the $20, $50 and $100 bills to double cryptocurrency prices. All he has to do to float the idea, even if Congress kills it the damage will be done.

The price of bitcoin might exceed the price of an ounce of gold for the first time. This prediction is not as crazy as you might think. On December 24, 2016, an ounce of gold was trading at $1,136.90 and a bitcoin was trading for $891.75. That means the price difference between Bitcoin and gold is just $352.14. Now consider the fact that Bitcoin doubled in value over the course of 2016, it was trading at $442.50 on December 20, 2015 and $891.75 on Christmas Eve 2016. Gold prices also increased from $1083.50 on December 21, 2016, to $1,137.30 on December 24, 2016. If gold and bitcoin repeat their performance next year, bitcoin will be more valuable than gold.